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Emu NL
Summary
| Project: | Vidalita | |
|---|---|---|
| Deposit: | Vidalita | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 8/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 21-8-2018: Emu NL announces an Exploration/Drilling Update report for its Vidalita deposit at the Vidalita project. Drilling results incl. 6m @ 211g/t Ag from 215m. A substantial mineralised epithermal system, with similar attributes to those being mined | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Marcus Flis (Internal) | |
| ABSTRACT: | A substantial mineralised epithermal system, with similar attributes to those being mined elsewhere in the Maricunga Belt, has been discovered at Vidalita. Zones have been identified within this epithermal system that are silver and/or base metal dominated and are being assessed as targets in their own right. Silver grades and relevance to gold deposits in the Maricunga Belt A feature of the Maricunga Belt gold deposits is that they tend to be high tonnage, low grade gold often interspersed with supergene or bonanza grade pockets. Their economics generally rests on the very large gold resources they represent, with the typical deposit holding in excess of 5 million ounces of gold. Another feature of these deposits is the importance of silver credits in the operating mines where, in many cases, the silver dominates in volume terms (Table 1). Silver grades Vidalita Assays reported previously (ASX announcement on 18 July, 2018) are reproduced here as Tables 2 (gold) and 3 (silver). Refer to announcement on 18 July, 2018 for data aggregation method and the JORC table describing this data. These data suggest Vidalita has gold and silver in similar proportions to that seen generally in deposits of the Maricunga Belt. | |
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